An Optimistic Multi-party Fair Exchange Protocol with Reduced Trust Requirements

  • Authors:
  • Nicolás González-Deleito;Olivier Markowitch

  • Affiliations:
  • -;-

  • Venue:
  • ICISC '01 Proceedings of the 4th International Conference Seoul on Information Security and Cryptology
  • Year:
  • 2001

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Abstract

In 1999, Bao et al. proposed [6] a multi-party fair exchange protocol of electronic items with an offline trusted third party. In this protocol, a coalition including the initiator of the exchange can succeed in excluding a group of parties without the consent of the remaining entities. We show that every participant must trust the initiator of the protocol for not becoming a passive conspirator. We propose a new protocol in which the participants only need to trust the trusted third party. Moreover, under certain circumstances, if there are participants excluded from the exchange, they can prove that a problem occurred to an external adjudicator.